Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: karpov

The dollar will meet reality on the foreign exchange market.


4 posted on 10/12/2020 5:48:08 AM PDT by Brian Griffin
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Brian Griffin
The dollar will meet reality on the foreign exchange market.

With Joe Biden as their puppet, the Chicoms will realize their wet dream of replacing the dollar with the yuan as the world's reserve currency. That's when things go "Boom!" Bankruptcy and Weimar style turbo inflation.

9 posted on 10/12/2020 6:12:00 AM PDT by henkster ("We can always fool the foreigner" - Chinese Proverb)
[ Post Reply | Private Reply | To 4 | View Replies ]

To: Brian Griffin
The dollar will meet reality on the foreign exchange market.

That happens everyday. Of course all of the other currencies meet reality everyday too. There is a global debt problem, and it's a matter of choosing the least worst to be the reserve.

Of course there is always a gold (or other) standard that could be resorted to, but that would not support the global debt structure that exists now.

12 posted on 10/12/2020 7:28:08 AM PDT by seowulf
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson